The Coca-Cola Company (NYSE: KO) announced it is exploring a potential public listing in India of Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH) in 2027, along with the sale of a portion of its shareholding in the unit.

HCCH is the parent company of Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCB), Coca-Cola's largest bottler in India. Initial preparations are underway for a potential listing on the Bombay Stock Exchange and National Stock Exchange of India, subject to market conditions and regulatory approvals.

In July 2025, Jubilant Bhartia Group, an Indian conglomerate, acquired a 40% stake in HCCH. The Coca-Cola Company has retained Rothschild & Co to advise on the listing.

HCCH and its operating subsidiary HCCB were established in 1997. As of March 31, the company operated a network of more than 2,000 distributors and reached over 1.7 million customers through approximately 5,000 employees. HCCB operates 14 bottling plants across 10 states in India and works with eight co-packers.

The bottler prepares, packages, distributes and sells beverages including Coca-Cola, Thums Up, Sprite, Fanta, Limca, Maaza and Minute Maid. The company stated it is the market leader in non-alcoholic ready-to-drink beverages in its operating territory.

"Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth," said Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company.

Shyam and Hari Bhartia, Chairman and Co-Chairman of Jubilant Bhartia Group, said they are looking forward to the public listing to create value for all shareholders.

Further details about the potential listing will be announced at a later date, according to the press release statement.